# Age Decomposition: Dependency Ratios → Trilemma Indices

| Variable | MI (Age) | ERS (Age) | FO (Age) |
|:---|---:|---:|---:|
| old_dep | -0.6578*** | -0.8078*** | 0.6292** |
| | (0.1194) | (0.1832) | (0.2518) |
| youth_dep | -0.0383 | -0.2118*** | -0.1482* |
| | (0.0461) | (0.0700) | (0.0854) |
| fiscal_bal_gdp | 0.0008 | -0.0000 | 0.0011* |
| | (0.0006) | (0.0009) | (0.0007) |
| nfa_gdp_lag | 0.0045 | -0.0022 | 0.0057 |
| | (0.0049) | (0.0068) | (0.0057) |
| rgdp_growth | 0.0003 | 0.0007 | 0.0001 |
| | (0.0004) | (0.0005) | (0.0004) |
| log_rel_opw | -0.0287*** | 0.0116 | 0.0329** |
| | (0.0093) | (0.0138) | (0.0161) |
| kaopen | -0.0158*** | 0.0408*** | |
| | (0.0041) | (0.0061) | |
|:---|---:|---:|---:|
| N | 4101 | 4482 | 4658 |
| R² | 0.1432 | 0.0516 | 0.1608 |
| Countries | 143 | 148 | 153 |

*Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*